Private North Carolina college announces ’33 percent off tuition!’

Student loan debt is at best, an unpleasant fact of life that ranks somewhere along the lines of a root canal, Takepart.com reports. But at worst, and for many, student loan debt can be ruinous. If that sounds overly dramatic, you don’t have student loan debt. Congratulations. For those considering college but discouraged about losing any chance at financial freedom later in life, there’s some good news. Belmont Abbey College just announced it’s restructuring its finances, marking down its yearly tuition by 33 percent. The school’s new price is by no means “bargain basement,” but it’s still more reasonable, dropping from about $28,000 per year to $18,500. This revamped tuition rate will be available to incoming freshman and transfer students starting in 2013…